Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude

Maximizing the trader's state of mind is the key to successful results. Conflicts, contradictions, and paradoxes in thinking can spell disaster for even a highly motivated, astute and well-grounded trader. Mark Douglas, an industry consultant since 1982, sends the message that a "thinking strategy" will profoundly influence a trader's success rate. Douglas addresses five very specific issues to give traders the insight and understanding about themselves that will make them consistent winners in the market. Trading in the Zone offers specific solutions to the "people factor" of commodity price movement. It uncovers the true culprit for lack of consistency when it comes to stock picking: lack of focus and self-confidence. Through simple exercises, traders will learn how to think in terms of probabilities and adopt the specific beliefs necessary to developing a winner's mindset. Along the way, they'll gain valuable insights into their own entrenched misconceptions about the market.

Every trader is an entrepreneur. And just as a new business must capitalize upon the strengths of its founders, a career in the markets crucially hinges upon the assets - personal and monetary - of the trader. As an active trader and a coach of traders in hedge funds, proprietary trading groups, and investment bank settings, author Brett Steenbarger has helped others see the personal assets they have possessed all along: those that can pay a lifetime of dividends.

Market Wizards: Interviews with Top Traders

What separates the world's top traders from the vast majority of unsuccessful investors? Jack Schwager sets out to answer this question in his interviews with superstar money-makers including Bruce Kovner, Richard Dennis, Paul Tudor Jones, Michel Steinhardt, Ed Seykota, Marty Schwartz, Tom Baldwin, and more in Market Wizards: Interviews with Top Traders.

One Good Trade: Inside the Highly Competitive World of Proprietary Trading (Wiley Trading)

A proprietary trading firm consists of a group of professionals who trade the capital of the firm. Their income and livelihood is generated solely from their ability to take profits consistently out of the markets. The world of prop trading is mentally and emotionally challenging, but offers substantial rewards to the select few who can master this craft called trading.

Reminiscences of a Stock Operator

First published in 1923, this lightly fictionalized biography of Jesse Livermore, one of the greatest market speculators ever, is widely regarded as one of best investment books of all time. Reminiscences of a Stock Operator is the resource that generations of investors have turned to when they needed deeper insight into their own investing habits and those of others. Listen to this work, featuring narrator Rick Rohan, and you'll soon discover your portfolio growing in new and unexpected ways!

Hedge Fund Market Wizards

This audiobook provides fascinating insights into the hedge fund traders who consistently outperform the markets, in their own words. From best-selling author, investment expert, and Wall Street theoretician Jack Schwager comes a behind-the-scenes look at the world of hedge funds, from 15 traders who've consistently beaten the markets. Exploring what makes a great trader a great trader, Hedge Fund Market Wizards breaks new ground, giving readers rare insight into the trading philosophy and successful methods employed by some of the most profitable individuals in the hedge fund business.

The Little Book of Market Wizards: Lessons from the Greatest Traders

What differentiates the highly successful market practitioners - the Market Wizards - from ordinary traders? What traits do they share? What lessons can the average trader learn from those who achieved superior returns for decades while still maintaining strict risk control? Jack Schwager has spent the past 25 years interviewing the market legends in search of the answers - a quest chronicled in four prior Market Wizards volumes totaling nearly 2,000 pages.

How I Made $2,000,000 in the Stock Market

Hungarian by birth, Nicolas Darvas trained as an economist at the University of Budapest. Reluctant to remain in Hungary until either the Nazis or the Soviets took over, he fled at the age of 23 with a forged exit visa and fifty pounds sterling to stave off hunger in Istanbul, Turkey. During his off hours as a dancer, he read some 200 books on the market and the great speculators, spending as much as eight hours a day studying.

The Little Book of Trading: Trend Following Strategy for Big Winnings

Market fluctuation is nothing new, but there is a set of rules and philosophies you can rely on to get the market back on your side, regardless of whether times are good or bad. Drawing on author Michael Covel's own extensive experience in the trading world, as well as tips and insights gathered from some of the world's most successful traders, this book identifies the tools, concepts, psychologies, and philosophies that will keep your money growing—and safe—even when the next bubble bursts or the next crisis hits.

The Little Book of Currency Trading: How to Make Big Profits in the World of Forex

Once dominated by global banks, hedge funds, and multinational corporations, the foreign exchange market, or forex, is now easily accessible to traders and investors around the world. But in order to make the most of your time in this market, you need to have a firm understanding of how it works. Written by forex expert Kathy Lien, The Little Book of Currency Trading shows you how to effectively trade and invest in today’s biggest market. Page by page, she describes the multitude of opportunities possible in the forex market....

Jesse Livermore's Methods of Trading in Stocks

The material presented here first appeared as a continuing series of articles in the Magazine of Wall Street. They were obtained through exclusive interviews with Jesse Livermore by R.D. Wyckoff at a time when Livermore was the single most formidable factor in the market. After being "lost" for many years, these interviews are now brought together in book format.

This mind-blowing audiobook brings together today's most relied-upon tools of market analysis. Michael E. S. Gayed clearly explains how this powerful combination of major schools of thought of market analysis can help investors dramatically improve their judgment on likely market performance and spot important trends, thereby making successful investment decisions.

The Indomitable Investor: Why a Few Succeed in the Stock Market When Everyone Else Fails

A new approach to investing based on how Wall Street insiders approach the market. The Indomitable Investor deconstructs the stock market as the public has come to know it and reconstitutes it from the inside out from the perspective of the fortunate few who dominate Wall Street. By revealing how top investors and traders think and act Steven Sears shows the stock market to be an undulating ocean of money, with seasoned investors reading the waves others cannot.

Get Rich with Options: Four Winning Strategies Straight from the Exchange Floor, 2nd Edition

After numerous years as an options market-maker in the trenches of the New York Mercantile Exchange, few analysts know how to make money trading options like author Lee Lowell. Now, in the Second Edition of Get Rich with Options, Lowell returns to show you exactly what works and what doesn't. Filled with in-depth insight and expert advice, this reliable resource provides you with the knowledge and strategies needed to achieve optimal results within the options market. It quickly covers the basics before moving on.

Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game

Trading is a battle between you and the market. And while you might not be a financial professional, that doesn't mean you can't win this battle. Through interviews with twelve ordinary individuals who have worked hard to transform themselves into extraordinary traders, Millionaire Traders reveals how you can beat Wall Street at its own game. Filled with in-depth insights and practical advice, this book introduces you to a dozen successful traders - some who focus on equities, others who deal in futures or foreign exchange - and examines the paths they've taken to capture considerable profits.

Overcome Your Fear in Trading

The most prevalent emotion facing traders is fear. Fear causes traders to exit trades too early, ruining their equity curve. Fear causes traders to self-sabotage so they can fulfil their self-fulfilling prophecy of trading failure. Fear causes traders to find reasons to avoid taking trades that would have been winners. Fear causes traders to exit trades before they have a chance to get the move under way and then have the misery of seeing a profitable trade run away from them.

Today's technology allows traders to make faster, more price-sensitive trades and to better read the flow of market information and transactions - opening the way to a wider variety of short-term trading strategies. The Prop Trader's Chronicles unveils these strategies and techniques, which have long been the province of proprietary trading firms and other professional stock traders. This reliable guide describes author Francis Chan's experience as a prop trader in an engaging narrative, but at the same time provides an in-depth explanation of strategies employed by proprietary traders.

How to Beat Wall Street: Everything You Need to Make Money in the Markets Plus! 20 Trading System Ideas

JB Marwood has such experience and has used it well of late, correctly predicting the bottom in stocks in 2009, the top in silver in 2011 and the top in gold in 2012. Furthermore, he does it without having to spend hours poring over financial statements and annual reports, preferring to work with strategies that can be implemented with just a few hours of work a week. He discloses the numerous tips and secrets that professionals use to trade the financial markets and reveals 20 fully disclosed trading systems that work on real, historical data.

Options Trading: Invest Wisely and Profit from Day One - 2nd edition

Do you want to know what option trading is? Could you use extra money? Do you dream of becoming financially independent? Are you looking for ways to invest in your future? Do you want to improve your financial situation? Are you interested in learning what different type of options are out there? If you can answer yes to even one of these questions, then you need to buythis book today.

Publisher's Summary

Maximizing the trader's state of mind is the key to successful results. Conflicts, contradictions, and paradoxes in thinking can spell disaster for even a highly motivated, astute and well-grounded trader. Mark Douglas, an industry consultant since 1982, sends the message that a "thinking strategy" will profoundly influence a trader's success rate.

Douglas addresses five very specific issues to give traders the insight and understanding about themselves that will make them consistent winners in the market. Trading in the Zone offers specific solutions to the "people factor" of commodity price movement. It uncovers the true culprit for lack of consistency when it comes to stock picking: lack of focus and self-confidence. Through simple exercises, traders will learn how to think in terms of probabilities and adopt the specific beliefs necessary to developing a winner's mindset. Along the way, they'll gain valuable insights into their own entrenched misconceptions about the market.

Backed by compelling examples, Trading in the Zone adds a new dimension to getting an edge on the market. Through a better understanding of themselves, as well as of Wall Street's realities, traders will come to leverage the power of their psyche for unprecedented profitability.

I read this book (hard copy) years ago and was surprised how much extra I got out of this audible version. Is it a different version or am I in a different mindset or am I now in the zone? It is worth the credit. If you are into this topic I recommend "The Little Book of Behavioral Investing (Unabridged)" by James Montier

Really great book that opens your eyes to how people (including me) think when we start to dabble in the stock markets. The contents are great, are written in a style and view to impart coaching, answer questions and set out a game plan. The narration is brilliant and clear. Walter Dixon did a great job. Only flip side (if you can call it that) is the narration is 8 hours long! But all the contents are worth it. You need to make the time to listen to the whole narration in chunks at least. Good luck.

How true it is that Forex is 80% psychological and 20% fundamental. There have been times when I could kick myself for nurturing my losses thinking that the market will retrace. There needs to be no emotion when trading. This book helps me to recognize this very important factor. Great book that I will listen to over and over. It is very hard to trade without emotion when cold hard cash is on the line. Mark covers this topic well and goes through the normal barriers which people face.

This is a must for every trader or wanna-be-traders. Helped me a lot to build confidence. I haven't started trading yet, still read a bit in the subject, but this book is very very book. It was my first book in trading and basically changed my whole view about things.

Several of my friends raved about this and I was pleased it was available in audio form so I went in, still I admit feeling sceptical. After all I've been trading 15 years, so I am already great right? Oh how wrong I was. Every example of a mistake I have repeatedly made was laid out clearly here with reasons why human psychology makes us repeat the same mistakes over and over again.

They say that 5% of poker players make money, the rest tick along or lose and yet millions still play. Same goes for trading, we are all there looking for the big winner. The book explains how trading is little to do with fundamentals and more to do with unhooking our deeply rooted beliefs instilled as we grow up. A child is told dozens of times a day what NOT to do, then they hit 18 become a trader, get a few lucky trades and there is nothing to stop them.

Mark Douglas doesn't offer you the get rich system you should use, it is assumed that anyone reading the book trades already using some technical analysis such as fibonacci retracements, MACD, RSI etc. But he does make you instantly realise that the market is not an enemy which always goes against you, it is there to be treated as a game of probability which you can play using your edge to in the long term to be a consitent winner, dare I say even a trader, rather then the gambler this book made me realise perhaps I am currently better categorised as.

The psychology insights were very interesting throughout. It could easily be viewed as a dull book, yet it kept me gripped throughout. A real revelation. I am really looking forward to trading with less stress, no emotion and paranoia free and buying that first yacht (ok dinghy)

10 of 10 people found this review helpful

Russell

Stoke-on-Trent, United Kingdom

12/28/11

Overall

"A Great Listen"

Works really well as an audiobook and obviously written by someone with extensive experience of trading. The book concentrates on the psychological aspects of trading and demonstrates that our greatest opponent is not the market but our own brain. The information contained in this audiobook, if followed, has the potential to save the novice trader many times its purchase price.

4 of 4 people found this review helpful

Brian

Ottawa, ON, Canada

12/23/12

Overall

"Brilliant!"

Even if you are not a TRADER this is a great book. It explains the mechanics of how a lot of things work in your mind and emotional structure. If you are a trader you will lose a lot less money following this guy's advice.

3 of 3 people found this review helpful

G

United Kingdom

12/24/12

Overall

"How to do backward somersaults on a tight rope."

I am a professional trader. This book is excellent, full of great insights and nice analogies. Whether an average person could accept this reality, or more importantly operate with the correct mind set is unlikely. Most lessons need to be learned first-hand. But any budding, failing or mediocre trader should listen to this work. If you find yourself, discounting the information or rationalising an alternative way of thinking; you will have at least identified the reasons, why you are probably doomed to failure.

3 of 4 people found this review helpful

Leanne

Manchester, United Kingdom

4/24/12

Overall

"Excellent"

I had been told about this book and I am really glad I bought it... It has helped immensely in my trading, more so with my mind set... Well worth getting if you are serious about Trading full time.

2 of 2 people found this review helpful

mihow

5/3/15

Overall

Performance

Story

"psychology of the trader"

Where does Trading in the Zone rank among all the audiobooks you’ve listened to so far?

Very good, however the narrator has got a bit dull voice

What did you like best about this story?

Really interesting behaviour patterns

Which character – as performed by Walter Dixon – was your favourite?

N/A

Was there a moment in the book that particularly moved you?

N/A

Any additional comments?

Good book for all those who are looking into understanding the behaviours that novice trader follow.

0 of 0 people found this review helpful

Mark D. Earle

3/16/15

Overall

Performance

Story

"Essential for success... Excellent!"

I think I will find this book to be an invaluable resource to keep me profitable.Although some chapters are on general psychology and not specific to trading, this helps the overall message of understanding why you make certain decisions with your trading.Simply buy it as you'll save many times this investment if you implement the lessons.

0 of 0 people found this review helpful

Amazon Customer

UK

1/2/15

Overall

Performance

Story

"the best book on trading psychology."

I read it and revise it after a year. I recommend it on my blog to everyone. www.itradeaims.com

0 of 0 people found this review helpful

Bus

UK

10/26/14

Overall

Performance

Story

"This book drags on and on and on"

Is there anything you would change about this book?

There should be an abridged version with about 60% of the book cut out

What was your reaction to the ending? (No spoilers please!)

The last two chapters were worth listening to - I suggest you jump to the last two chapters and ignore the rest

Did Walter Dixon do a good job differentiating each of the characters? How?

This was not a novel, though author seemed to want to write one.

Was Trading in the Zone worth the listening time?

No, but an abridged version would be.

Any additional comments?

There is some good guidance at the end of the book about understanding probability, having a strategy, being clear about your edge, calculating your risks, deciding on your stop losses and exits points beforehand and then execute your trade and stick to your original plan without fail. If you do this then you should not worry or lose confidence. If you fail to do this you will lose confidence. You'll have to listen to 8 hours of audio with some pseudo science about "positive energy" and vague phrases such as "if you truly believe..." to get this advice.

0 of 0 people found this review helpful

Phil

Cardiff United Kingdom

8/4/13

Overall

Performance

Story

"Mind Boggled"

Would you try another book written by Mark Douglas or narrated by Walter Dixon?

not sure if this was an exercise in waffle - won't say it's a bad thing but won't say it's good either. Want to hedge my bets so to speak. Or did it really take eight and a half hours for some one to tell me that trading futures carries a certain amount of uncertainty?

If this book were a film would you go see it?

no

Any additional comments?

got a bit sick of it in the end

0 of 0 people found this review helpful

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